What is NetApp's net income?

NetApp (NTAP) reported net income of $404M in Q1 2026.

How has NetApp's net income changed year-over-year?

NetApp's net income increased by 18.8% year-over-year, from $340M to $404M.

What is the long-term trend for NetApp's net income?

Over 5 years (2021 to 2026), NetApp's net income has grown at a 11.8% compound annual growth rate (CAGR), from $730M to $1.28B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

NetApp NTAP Net Income

Net Income at other companies

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$68M-27.7%

Travel + LeisureTNL

$79M+8.2%

UnifirstUNF

$20.48M-16.3%

Main Street CapitalMAIN

$48.98M-57.8%

HES

Hess MidstreamHESM

$87.6M+22.3%

Middlesex Water CompanyMSEX

$10.61M+11.9%

Other financials

Income statement

See full

Revenue$1.9B+12.5%

Gross profit$1.4B+14.4%

Operating income$532.0M+52.9%

EPS (diluted)$2.03+23.8%

Balance sheet

See full

Cash & equivalents$2.1B-24.5%

Total debt$2.7B-21.7%

Total equity$1.4B+29.9%

Total assets$10.7B-0.7%

Cash flow

See full

Operating cash flow$950.0M+40.7%

CapEx$50.0M+42.9%

Free cash flow$900.0M+40.6%

Valuation

See full

Market cap$30.29B+47.2%

Enterprise value$30.95B+45.1%

P/E23.7×+6.4×

P/S4.4×+1.2×

Profitability

See full

Gross margin70.7%+0.6pp

Operating margin24.2%+3.8pp

Net margin18.4%+0.4pp

FCF margin27%+6.6pp

Returns & leverage

See full

Return on equity106.7%-1.8pp

Debt / equity2×-1.3×

Current ratio1.4×+0.2×

Where this comes from

Reported directly by NetApp in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: NetApp’s 10-K, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NetApp's net income?: NetApp (NTAP) reported net income of $404M in Q1 2026.
How has NetApp's net income changed year-over-year?: NetApp's net income increased by 18.8% year-over-year, from $340M to $404M.
What is the long-term trend for NetApp's net income?: Over 5 years (2021 to 2026), NetApp's net income has grown at a 11.8% compound annual growth rate (CAGR), from $730M to $1.28B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.